buffett lunch

Buffett Lunch Auction Sets New Record

Filed under: Auctions, Charity, Big Givers

It's hard not to see the recent boost in charity auction hauls as a positive sign. The latest economic boost comes with the results of the eleventh annual charity auction of lunch with Berkshire Hathaway Inc. CEO Warren Buffett. The auction to dine with the octogenarian oracle of Omaha set a new record, $2,626,311 on eBay. That's far above last year's $1.68 million total and beats the 2008 record of $2.1 million. Proceeds benefit San Francisco's Glide Foundation, which helps the homeless and others in need of aid. No word on who the winner is but the lunch will take place as usual at Smith & Wollensky in New York City.

Tags: buffett lunch, charity auction, glide foundation, warren buffett

How Much Will Warren Buffett's Charity Lunch Fetch This Year?

by Deidre Woollard (RSS feed) —

Filed under: Big Givers

It's time once again for Warren Buffett to auction himself off for a good cause. Each June, Buffett heads to eBay to offer up a lunch for eight people to benefit the Glide Foundation, an organization that provides social services to the poor and homeless in San Francisco.

The lunch is up for bid on eBay until June 11, 2010 at 7:30 pm PDT. As usual Buffett will dine with the winning bidder and up to seven friends at Smith & Wollensky in New York. All bidders must pre-qualify and the opening bid is $25,000. Last year the auction brought in $1.68 million and Buffett has made as much as $2.1 million for Glide with this annual offer. The Wall Street Journal reports that past auctions have raised about $6 million in total for the foundation. On June 11 the last hour of bidding will be broadcast on a screen for the crowd at a fundraising dinner for the organization.

Tags: buffett lunch, ebay, glide foundation, warren buffett

Buffett's Annual Lunch Sets Record

by Deidre Woollard (RSS feed) —

Filed under: Charity

Here's a unique mark of inflation, Warren Buffett's annual auctioned lunch brought in more than three times the amount that it did last year. Last year, the lucky luncher bid $650,100 but this year, Chinese businessman Zhao Danyang offered $2.1 million to lunch with the famous investor at the Smith and Wollensky steakhouse in New York. Back in 2005, the winning bidder paid just $351,100 for the privlege.

The proceeds go to a non-profit foundation which fights poverty and homelessness.. So far Buffett has raised over $4 million but selling himself each year but his biggest charitable move has been his declaration that he will give the bulk of his fortune to the charitable foundation set up by Bill and Melinda Gates.

[Thanks, Ben]!

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Tags: buffett lunch, BuffettLunch, warren buffett, WarrenBuffett